Order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I now recognize myself for four minutes to give an Opening Statement. Id like to welcome back chairman powell. As i discussed earlier, and at our last hearing with you, i remain very concerned about the president s efforts to interfere with the feds independent Monetary Policy. A recent news story noted that trump has tweeted over 100 times about the fed since your nomination. Many of those tweets appear to be attempting to exercise pressure on the fed. Chairman powell, you and the fed board of governors must not be swayed by these aggressive tactics in upholding the feds independence you should be mindful of public perception. Of course, trump continues to try to claim credit for Economic Growth that was put in motion by the policies of president obama Congressional Democrats and the Federal Reserve, irresponsible tr
Good morning for our audience worldwide, this is bloomberg surveillance. Your equity market is facing a little bit of trouble in the last couple of days. The bond market selloff continues. The 10 year yield is close to 420 three days into q2 and we are looking at 440. Lisa and stocks are suddenly waking up to this. We were down 0. 7 which is the worst loss going back a few weeks and it highlights how few losses we have had at a time when everything seems to melt up. Jonathan chairman powell is addressing the economy and the market later this afternoon. With Precious Metals, gold is pulling back from alltime highs, silver had a five day streak up 0. 7 . The question is the commitment to get inflation back to 2 . Annmarie the fed has never cut rates when the economy is this good never mind inflation and you look at commodities and you see inflation uptick across the board. Bank of america this morning up to their calls on brent w ti. And when everyone says the fed will cut in june, they
Animals and belongings from under the month. They suffered huge losses. Multiples of the houses have been destroyed and need to be rebuilt. Its more than 2000 livestock were lost in this part of afghanistan, and up to 4000 homes were destroyed across the region. The heavy rains are unusual, nearly double the rainfall of previous years. Experts say countries experiencing the effects of Climate Change. Well see more erratic weather like this. It has been raining continuously for the last few days and it is now turned into flooding. The government should provide assistance and relief to the people. This region, the southern pockets done is still reeling from the unprecedented floods of nearly 2 years ago. More than 1700 people died and thousands were injured and one of the worst flooding and pockets dunns history. Millions were left homeless. Their sources of clean Drinking Water contaminated for month august done is the 5th most vulnerable country to Climate Change according to the un Gl
Will not actually stay for the customers. And polls open in india, nearly a 1000000000 people are eligible to vote in the walls largest general election the while it is 7, g m t. And we begin this news out in iran, the government that says its edison systems have shut down 3 drones. And these interceptions are reported to of happens near the central, around and city of ispa home. It ran and media, it says a nucleus science and the military base and of as soon as he would not damage. American media sizing us Officials Say it was, and his really attacked with the as really ministry itself has not commented. Israel had said it would retaliate off to around north hundreds of drones and missiles at israel last saturday. Lets take a look at the flight way though, is that ron sites will briefly suspend a to and from several cities, including the capital to iran is behind. And sharon as well. We have a team of correspondence following these developments for us. As you can see that, but we are
Than a 100 people. And still rain locked into northern pockets, done so things could get worse before it gets better. Western searcy, i get ready for it. Weve got wet weather, dancing in here, eventually through greece, but we can see it already on friday. Is stumble hitting the showers here with the height of 16 degrees. Now with disturbed weather in this central mediterranean, its blowing down a lot of wind. Forts needs the. So tune is that 19 is below where you should be for this point of the year. Big wins, big waves off the coast of tens of nia. And weve also got winds often moves in b channel here. So given us a few showers for central and northern, most indeed, the unique perspective that plays students up does told the palestinians to go to on heard voices, to humor. I try to highlight the absurdities inconsistency, but upon proceed with the landscape. Connect with our community and tap into conversations you will find elsewhere to take every day. This is going to unspeakable h